Tipton reports strong full-year performance

It posts significant growth in mortgage lending

Tipton reports strong full-year performance

Tipton & Coseley Building Society has announced that it achieved strong growth in 2021, with mortgage book growth of 13.1% with gross mortgage lending reaching £115 million, up from £77 million in 2020.

According to Richard Newton, chief executive at Tipton, the building society’s staff worked tirelessly in response to record levels of mortgage activity, with demand driven by an active housing market.

“My heartfelt thanks go to my staff colleagues for their commitment to the society,” Newton said. “They play a vital role in our success and continuously strive to provide great service to members, which is even more notable given the challenges of the pandemic.”

Read more: The Tipton sees mortgage lending double.

“As we look to 2022, we remain committed to helping members own a home at all stages of life, and to help them save for the future,” Newton added.